In “This was the NEWS” we take a look at the most important news of last week. What has happened in the crypto space over the last 7 days? News items that you may have missed and you really need to read. You will find it here!
- Visa Is Building A Crypto Team, Looking for People
Another large company is interested in what cryptocurrencies can do. According to their website, Visa is looking for a technical product manager that has a passion for the intersection of payments and cryptocurrency. More importantly, is this quote which outlines their ideal candidate.
“The ideal candidate will possess significant functional knowledge of the cryptocurrency ecosystem and players involved, including in-depth knowledge around permissionless blockchain technology as well as a deep understanding of existing payment solutions.”
Read more about Visa looking to build a crypto team here: https://www.altcoinbuzz.io/crypto-news/finance-and-funding/visa-is-building-a-crypto-team-looking-for-people/
- SEC Advisor: “The Crypto Spring is Going to Come”
In the crypto markets, it has been a really long winter but a quote from Valerie Szczepanik, the SEC’s senior advisor for digital assets, should make investors feel better about the future of cryptocurrency. Her point is that cryptocurrency regulation will help the space grow and help with innovation.
“I do think if we hope to smell the crypto spring in the air, it will take people walking with the regulators. But I do think the spring is going to come.” -Valerie Szczepanik
Read more about the SEC’s Senior Advisor’s comments here: https://www.altcoinbuzz.io/crypto-news/finance-and-funding/sec-advisor-the-crypto-spring-is-going-to-come/
- ‘Everyone Will Be in Crypto’ According to Binance CEO
While responding, in a tweet, to a JPMorgan executive, CZ says “everyone will be in crypto” and that not everyone needs to use banks. Objectively speaking, a very large portion of the world isn’t banked and some businesses don’t use banks either. According to him, JPM will have to use crypto, not the other way around.
Read more about CZ’s comments here: https://www.altcoinbuzz.io/crypto-news/spotlight/everyone-will-be-in-crypto-according-to-binance-ceo/
- Binance Coin Surged To New Highs Following Binance Launchpad Announcement
The Binance Launchpad has been a big success so far and in hopes of a better system, they have made some changes. Users need to hold at least 100 BNB to become eligible to participate in the Launchpad lotteries. This announcement is setup to make investors want to buy more BNB. Throughout the entire bear market, BNB has been one of the best (if not the best) performers, holding its value fairly well.
Read more about the Binance Launchpad updates here: https://www.altcoinbuzz.io/crypto-news/product-release/binance-coin-surges-to-new-highs-following-binance-launchpad-announcement/
“This was the NEWS” summary!
There were reports the past few weeks about Facebook creating their own coin, JPMorgan actually created their own coin (not for investment purposes), IBM has partnered with Stellar Lumens, and now Visa appears to be looking at the space. If they end up creating their own coin or partnering with a company like Ripple or Stellar Lumens, that would be massive. It would be big public relations news but proof again that implementing this technology is valuable.
While we are still waiting on either an approval or denial of Bakkt and the ETFs, there seems to be an air of calm around the space. The markets have dropped significantly in the last 14+ months but maybe this downtrend is over. The SEC’s senior advisor said that she believes a crypto spring will come is important to hear from someone on the regulation side. This space has interrupted too much already to be ignored by regulators so the only thing we can hope for is regulation that will help the space and not stifle innovation. From some individual’s comments on that side of the fence, it seems like that is exactly what they are trying to do. Hopefully, it works out for the best.